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michael kehoe and captain joe rios arrived at sandy hook elementary within minutes of the call. >> we needed to break into the school to get in because the back doors are secured. >> reporter: how did you get it open? >> broke out the window. >> reporter: it was quiet, and the halls were empty. chief kehoe searched sandy hook elementary room by room. >> with the rooms locked, that means the teachers had done their job, locked their doors and hid their children from danger. so we went around the building to the front of the building. >> reporter: tell me about that. >> there was a very tragic observation on all parts because then you could see the carnage that was present. >> reporter: when you saw what was in that classroom, what went through your mind? >> i was devastated, absolutely devastated. i had no words. i felt a little bit of anger towards the person who had done this. >> reporter: did you think there was anyone there to save? >> no. >> reporter: as a first responder, how do you deal with that? >> well, you feel a sense of guilt that you weren't there quick enough to do that.
for the victims of the sandy hook shootings. the chief tells our elaine quijano what he thinks of the nra's call for policemen in every school. >> i would hate to have to think that i have to put an armed officer in every school just to keep kids safe. >> axelrod: newtown the fiscal cliff and bad weather have all cut into christmas shopping. with two shopping days left michelle miller has been talking to worried retailers. and a church in a neighborhood devastated by super storm sandy holds its first wedding. >> hell and high water came and we're still going to make it happen. >> axelrod: tony guida with the story of an undowntowned bride and groom. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod. an unbearable six-day stretch of funerals for the victims of the newtown shooting wrapped up today with the last three. mourners at the funeral of josephine gay wore purple. her favorite color. a horse-drawn coach carried the casket of six-year-old ana marquez-greene, remembered as a girl who never walked from room to room. she danced. six-year-old
debate touching still-tender nerves over the deaths at sandy hook elementary among those who hold dear their constitutional right to own guns. we have two reports tonight beginning with white house correspondent peter alexander in our washington newsroom tonight. peter, good evening. >> reporter: lester, good evening to you. the head of the nra, wayne lapierre, said guns are not the problem. instead, he took aim what the he called the media machine in this country, a cracked system for dealing with mentally ill, and the federal government, whose enforcement of existing restrictions on guns he called pitiful. facing a barrage of tough questions for the first time since its deadly massacre in newtown, on meet the appreciation the nra's ceo, wayne lapierre, forcefully defended his call for armed officers in every school. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. i think the american people think it's crazy not to do it. it's the one thing that will keep americans safe the nra is going to do that. >> reporter:
across the country are up. following the massacre at sandy hook elementary school. i'll talk with los angeles mayor antonio villaraigosa. stay tuned. you fell in love wi. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions su
, if a good guy with a gun was there, he might have been able to stop them. >> reporter: the massacre as sandy hook has led some supporters to call for guns in schools. the nra supporters blame the media, and the lack of mental health care are having none of it. >> you're saying they shouldn't be part of this at all? >> congress will debate, but i think it's not part of the ultimate solution on this. >> reporter: at least one school district in new jersey will place armed guards in schools to the disapproval of the governor. >> you don't want to make this an armed camp for kids. i don't think that's a positive example for children. >> reporter: a poll shows a majority of americans continue to favor more restrictions on gun ownership. that may be the reason other americans are flocking to gun stores. shelves empty in this north carolina store. >> we've never seen anything like this, we have the christmas business, the hunting season business, and now the political business. >> pierre was pressed time and time again, he refused to answer or changed the subject. he said the gun is the tool. the p
hurricane sandy. >> i think it's important to name this person again as noel alba is her name? >> that's her name and her story is it that her enemies, quote, within the crafting community -- >> that's the most ridiculous thing i've ever heard. a, that she has enemies in the crafting community and that they have somehow set up a paypal account and web sites about hurricane sandy and about this beautiful will boil boye. >> instead of doing things with our family, i'm running around trying to protect the family. i look at anyway nieces and i think of these scammers and they're stealing from them. they're the survivor of this tragedy. >> it's infearating. >> it's infuriating. i'm going to do everything i can to protect them and to get the word out and today i spoke to ms. alba, i did contact the fbi. and they're looking into it. they were very interested in the information we provided. >> that's great. hopefully they can look into her finances. we didn't have the capabilities of looking into her actual bank records, but that should be relatively easy to track down. >> that report got a whole lo
with a simple idea posted to twitter. what if we could honor the 26 lives lost at sandy hook elementary with small acts of kindness, leaving a stranger an unexpected tweak or inspirational message or a way to keep warm. >> i've always made quilts. i thought, wouldn't it be nice to make quilt, one for each child. and then donate them. >> reporter: using the #26acts, people began sharing their kindness kin kindness on social media and it has become a massive wave reaching to the halls of congress. >> i think america was looking for ways to demonstrate their grief, caring, empathy. >> reporter: to the other side of the world. >> i thought, if this makes someone smile, that's a pretty good thing. >> reporter: as more and more people shared their good deeds online, they inspired others. teachers inspired their students. in rhode island, they are collecting food and books for underprivilege. >> they by far exceeded anything i could have expected. >> reporter: after giving hand warmers to her bus driver, stephanie challenged her co-workers to do something, too. now, the drivers at chicago's w
weiss was thanked by his congregation for helping so many people through the horror of the sandy hook elementary school shootings. tonight we're noticing something very positive across the country in response to this story. here's mark greenblatt. >> reporter: an overwhelming river of giving now flows freely through the newtown post office. some send prayers, others much needed support. all the way from idaho, washington, and far beyond. >> i think i saw brazil, australia, anybody in newtown needs a hug. amazing. >> reporter: in the town hall, a mountain of donated toys is piling up just in time for christmas. even hurricane sandy victims are giving hundreds of teddy bears. >> basically we had so much help, we wanted to pay it forward and try to help somebody else. >> reporter: newtown wants others to pay it forward now in honor of the victims. from a secret santa in pennsylvania to new jersey, where kristin albright went shopping for ingredients to bake christmas cookies, only to find a target gift card hidden in her cart with a note asking her to pay it forward in honor of sandy hoo
from hurricane sandy, and now stocking up for what's expected to be a big storm. tonight, new york governor andrew cuomo has activated the state's emergency operation center. he does not want to repeat certainly the fiasco, the power fiasco that followed hurricane sandy. meanwhile, across the upper state, we're looking for as much as 15 inches of wind-driven snow. natalie, back to you. >> all right, mike seidel in buffalo, new york. thanks, mike. >>> at the airport, as mike just reported, lots of cancellations and delays on the boards. nbc's katy tur is at new york's laguardia airport. good evening. >> reporter: good evening, natalie. as you know, the day after christmas is one of the busiest travel days of the year. and now it is one of the most grueling. here at laguardia airport, more than 100 flights have been cancelled, and across new york city area airports, delays can reach nearly three hours long. across the country, much of the same, as the storm is felt from coast to coast. nationwide, more than 1,400 flights cancelled today alone. and there are fears of a ripple effect i
, superstorm sandy. they do not think it was consumers fear got as much as it was on the drops of the markets in the middle east. back to you. lori: i think they did more online also. joining us now is founder and resident of sica wealth management. this is what i am thinking about with this disappointing sales. it is so difficult for the federal government. people are wary of all of the uncertainty. they are keeping their pocketbooks closed during this all-important spending season. do you see that as an interesting perspective? >> i think at this point, here you have this santa claus rally which is a market phenomenon that makes sense until it doesn't. that works until it doesn't. coming into this season we would have a typical 1.7% increase in the s&p 500. now, we are dealing with questions that will remain unanswered until january. that uncertainty makes investors anxious. tracy: we have for trading days left. what should we be doing? what should people be doing over the course of the next couple trading days? >> i think people should really look at their capital gains. we are at a point
staffers at sandy hook elementary school. since the tragedy the town's police officers have worked around the clock. there have been so many funerals and grieving families to assist. yesterday they got a much needed break. officers from police departments across the state stepped in so the first responders could have a day off. the last of the funerals were held over the weekend. three little girls who had barely begun their lives. we were them tonight. >> ana marquez green loved picture problems, arts and crafts and ballet and loved people fiercely. she was known for her singing voice bigger than her size. ♪ come though all mighty king >> reporter: just six years old, ana grew up with music in her ears and her love of singing was evident before she could talk. her father is a musician and college music instructor. his 2009 album features a song he wrote about her entitled "ana grace." her mode of transportation was dance. she leaves behind her parents and brother isaiah, also a student at sandy hook elementary. he was unharmed. on a facebook page set up by her family she write's know t
already battered by hurricane sandy. today -- the streets flooded again. and back here in syracuse, crews have cleared many of the main roads, moving these mountains of snow. but tonight, the fear, as the temperature drops, the slush turns to ice, making travel even more difficult. authorities say if you don't have to be out here, stay home. david? >> john schriffen leading us off tonight in syracuse, new york. john, our thanks to you. i want to bring in the chief meteorologist at our power house station there in boston, harvey leonard at channel five. harvey, always great to see you. you were telling us, another big part of the story, not just the snow we saw there in john's piece, but the rain and the winds there in new england. >> yeah, great to be working with you, david. and i got to tell you, the wind gusted to just about hurricane force, along the coast of massachusetts. in addition, rainfall amounts, two and three inches, localized flooding. and the big wind did cause problems at the time of high tide. fortunately, the tides were low. if they were high, there would have been a lot
adults killed at sandy hook elementary school. the gunman's mother was also killed. the scene was repeated all across the country-- including at the white house. the national rifle association broke its silence today following the newtown tragedy. the executive vice president of the n.r.a., wayne laperriere, said that schools would be safer if they were protected with guns. here's chip reid. >> reporter: wayne laperriere gave no ground to gun control advocates who want to ban assault weapons and magazines that hold more than ten rounds. instead, he shifted the focus to the n.r.a.'s plan for securing the nation's schools. >> the only thing that stops a bad guy with a gun is a good guy with a gun. what if when adam lanza started shooting his way into sandy hook elementary school last friday he'd been confronted by qualified armed security? i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> reporter: he lashed out at the entertainment industry for its violent movies and video game
east coast areas hit hardest by hurricane sandy. in sea side park, new jersey, barn aget bay is threatening homes two months after sandy devastated the area. in brooklyn, near coney island, bulldozers stacked sand on to the dunes, renewing efforts to protect high tide. and in rock away park, queens, the storm brought high surf, an ongoing threat given tomorrow's high moon. >>> crews are working to restore electricity to more than 200,000 customers affected by the christmas-day storms. new surveillance video from a drugstore in mobile, alabama shows how destructive the tornadoes were. inside the store, shoppers are caught off guard as fierce winds shook the building and ripped products from the shelves. in all, twisters cut across four states. the storm system that created those tornadoes is now up here in maine. it dumped more than a foot of snow and more is on the way. for all the weary holiday travelers that are tuning in tonight, there is better news tomorrow with calmer weather and hopefully all those thousands of flights they'll be able to catch up. however, a brief brea
could go bankrupt and hurricane sandy relief could be stahled. so what needs to happen for congress to wake up? "outfront" tonight -- welcome. >> first for you, the fiscal cli cliff, the world's most predictable political problem. this is the cover of "the washington post" the day after the election saying time to deal with the debt. everybody knows it. that was the whole idea, right? this was the big plan. election year is too devicive to get anything done. just kick the lame duck. so what happened? why can't congress find a way to work together? >> because they don't get along. i think it may have been naive to think that the election was going to be the magic formula. what's it going to take? i think it's going to take for us to go off the cliff and the american public demanding action. i think we're going to see that over and over again. it's going to be the american public demanding action on xwgu control. it's going to be the american public because we have to force them to act. >> but american public also has to stop acting as if they play no role in this. when you look at ou
has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they're ready to haggle over some differences. what i expect to come to the floor is what president obama's talking about a 250 thre
is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year at underperforming and crude oil is down a percent and again today the word is he'll like it did deal by the end of the year and those who do as an say it will not be right where it will be bad. we still are not talking about growing jobs so there is negative sentiment crude-oil prices down when typically during of big storm prices would go up but they're dropping because there is fear we will enter a recession and the country will struggle and they say if we enter the new year we will see higher taxes, lower home values in people struggling. it is not a good. they say that's speaker boner will cave in and we will not get a good deal. >> calls it these oil cliffhanger. >> it is rattling explaining why a trading volume was down there may be at camp saying it is a good price. exxonmobil refinery near chicago jeff? >> and
crop sending prices sky high. who can forget superstorm sandy. damages as high as $50 billion raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union was fractured by too much debt and the us a trty plans to fix it. that saga is far from over. >> number 3, the housing market finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods but first-time buyers were also able to get a home of their own for the first time in years. as long as they had a hefty down payment. >> number 2. >> cnn projects that barack obama will be reelected president of the united states. >> the next. more than just about
to that? there was a bill introduced by the ways and means committee in the house, sandy levin that called for this legislation. the speaker was going to bring it up to kill it but he kobt kill it and then we moved to plan b, the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now, mr. president, that the speaker's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me he'll give them two days to get back here, 48 hours, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they've done it with conference calls. people are spread all over this country because the speaker is basically waiting for january 3rd. now, the president campaigned on raising taxes on people making more than $250 thou,000 a year. the bush tax cut will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the el
freezing rain structure. disasters. we saw sandy and the hurricane and getting up in the cloud somewhere. >> it's essential. at the end of the day the days of having all your data stored in a tower under your desk or lawyers or accountants or districts having all their hippa information in a closet on site those days are gone. businesses are going to interest to keep it secure in military style off site and access it from a tablet. >> juliet: quite the world we live in. >> it's changing. >> juliet: are you ready for this? next on the run down a pizza delivery guy fights off a gang of robbers. >> five people against one is not a good situation to be in. i thought that i was about to die. >> juliet: his reward? he just got demoted. we're going to tell you about this. >> clayton: oak ridge boys phoning in performance for george h.w. bush ♪ how sweet the sound ♪ that saved a reach like me ♪ i once was lost ♪ but now i am found ♪ was blind ♪ but now i see ♪ [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castl
by with the other headlines. >> the u.s. senate approving a package to pay for superstorm sandy recovery. sandy battered the east coast in late october, killing at least 120 people, most in new york. it was the most most costly natural disaster since hurricane katrina in 2005. the house still has to approve the bill. >>> russia banning american families from adopting russian children. apparently retaliation because the u.s. a drawing attention to human rights violations in the country. the ban takes effect new year's day. the u.n. you u.n. children's fund estimates there are about 740,000 orphans in it russia and over the last two decades american families have adopted 620,000 of them. i'm marianne rafferty. now -- 60,000 of them. i'm marianne rafferty. now, back to "on the record." >> greta: this is a fox news weather alert for the second time this week a large part of the country is bracing for an extreme winter storm. now, who is going to get slammed and when. in accuweather meteorologist jim dickey is tracking that storm. jim, who is going to get it first? >> seeing the snow right now alrea
. and this could become the costliest natural disaster in u.s. history. and number one, superstorm sandy. >> this historic superstorm made landfall over the most populated areas hoft united states. even snowstorms are threatening the lives and homes of people from virginia to massachusetts. >> never seen devastation like this in my life. >> the surf here getting much more violent. >> curfew is under way right now. you are not to be on this street. >> keeping an eye on the possibility of flooding. >> superstorm sandy has crippled the nation's biggest transit system. >> talking about flooding, possible power outages. that could last for days. >> in the city to the countryside, people need to be self-aware. >> the storm killed at least 113 people in the u.s. and caused tens of billions of dollars in damage. total repairs will take decades. chad myers, cnn. >> make sure you join me for the biggest stories of the year in crime, politics, money and even the most scandalous. the top ten of 2012, season sunday night, 8:00 eastern only here on cnn. dayquil doesn't . really? [ male announcer ] alk
have to put that in perspective the sandy supplemental bill started out $60 billion. one storm could wipe out all the savings or. adam: that sandy supplemental bill is 60 billion, 45 billion according to taxpayers for common sense is stimulus spending that doesn't involve the hurricane. dan, i will come back to you after we listen to sound bite from harry reid, senate majority leader commenting on the negotiations today. here is what he said. >> okay. we had a long meeting in the white house. it was very constructive. we hope that it will be bear fruit but that is what we hope ad lot. i think that the next 2 hours will be very instructive what we're able to accomplish. >> was there progress? discussion of a concrete proposal? >> we talked about a lot of things. there is no concrete proposal at this time. we have a number of different directions we'll try to take and we're going to see what can be worked out. >> will you work on a piece of legislation? >> pardon me? >> is it a good sign or bad sign you guys are not talking much after this meeting?. >> i hooe everything is a good sign.
violence in america after the tragedy at sandy hook. and we've been talking every day about how to keep our kids safe. well, tonight, "20/20" anchor chris cuomo went back to his old elementary school and talked to some children about their ideas on violence. >> the real monsters in the world are just regular people. >> reporter: fourth and fifth graders take on the tough questions that grip our nation. >> why would he do that? when did he get the urge to do it? >> why does it help you to know why he did it? >> it's happened, something made him do it, so you can stop that from happening to another person, making them do it again. >> reporter: and listen to what they say about guns. are guns bad? >> not always. >> guns can be good or bad depending who's using them. >> reporter: is the answer no guns? >> no. not exactly. >> reporter: let's say, i need a gun, sell me a gun, should i be able to get it right then? >> no. >> you should limit the amount of bullets that can be in a gun. >> reporter: why do you think this happened -- the gun or the culture of violence? >> the culture. >> reporter: ha
fight in washington is gun control. with the final three victims from sandy hook elementary school buried today, the national rifle association has come out to say that the real problem isn't guns but instead violent video games, so, we wanted to know, is there really a connection between virtual violence and real-world violence? abc's neal karlinsky got some answers. >> reporter: thomas pantig and stephan lloyd are typical of many in their generation. good jobs by day, obsessed with a violent, so-called first person shooter called call of duty when they get home. but is this just good fun, or is an entire generation being trained and desensitized to the act of shooting people? >> some people just go crazy. >> reporter: dr. chris ferguson has conducted a series of multiyear studies of 11-year-old to 18-year-olds to find out what violent games do to them. >> there is no evidence that suggest that exposure to violent video game is associated with violent criminal behavior. >> reporter: but dr. victor strasburger says today's video games are more real, more intense than anything that'
the shooting with many of her sandy hook classmates. mourners at her funeral were encourage encouraged to wear purple in her honor. her parents said sh was autistic and could not speak. she touched the lives of so many around her. they called her spirit indominable. she was ap artist. she would draw them a picture to brighten their day. she was a teacher. >> she was a mentor to her sisters. her laughter was infectious. >> at her funeral, mourners were encouraged to wear pink. the family had moved here tom utah because her father had gotten a job caring for newborns. her funeral was held in utah. >> she was an example to her are sisters, to her family and friends and now to the world about fewpurity, innocence, tray and forgiveness. we remember tonight. we will be right back. share everything. share brotherly love. share one up's. mom ? mom ? the share everything plan. lets your family share a pool of data across 10 devices with unlimited talk and text. get a spectrum 2 by lg for $49.99 ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. al
areas were the northeast and mid-atlantic. really the impact zone of hurricane sandy. that's where we saw the weakest growth for the year. >> reporter: today, the season of giving looked a lot more like the season of giving back. >> i got a jacket from my girlfriend that was just slightly too big. so, i returned it and actually got $71 back and the size i wanted. >> reporter: about 10% of all gifts are headed straight back to the store. electronics can be some of the toughest. often with only a 15-day return window. many other items can go back 30 or even 90 days later. though analysts warn that many now require an i.d. between now and new year's, there are some amazing deals out there, still. we found a 50-inch tv for just $399. computers up to $500 off. and still at many, many retailers, discounts ranging from 50% to 70% off. still some great deals out there, david. >> music to many ears, neal. thanks to you. >>> and when we come back here tonight, what forced some families to actually talk this christmas. you think i'm kidding. our great states folks visit. tter whicf mississippi,
. >> hitrichard? >> sandy. >> i'd have to go 47%. that was the moment. >> no question, 47%. so that's the one that got so far, the most consensus. we have a lot more to k078. stick around, we'll be right back. >> first, earlier today, the revvie was awarded for best musical performance. the nominees were. ♪ ♪ for purple mountains majesty ♪ above the fruited plain . ♪ i'm so in love with you >> and the revvie went to governor chris christie. congratulations, governor. the revvies will be right back. ? how do you measure happiness?] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male an
at sandy hook, the push is on to add more states to that list. arizona's attorney general wants every school principal or the principal's designee armed. in ohio, applications at one shooting course for teachers are up 20%. some gun advocates say arming teachers is a lot like arming airline pilots, simply knowing that someone on campus might be carrying a gun could be enough to stop the bad guys. in 1997, an armed high school vice principal in mississippi did manage to stop a 16-year-old shooter on a rampage. but there was also columbine. 15 people died and the armed security officer on campus and another one nearby could not stop it. >> the nra's blanket call to arm our schools is really nothing more than a distraction. >> reporter: some teachers in utah say they want more gun training. and organizers are already plank another class for the next holiday break. >> i can go up and over. >> reporter: cecilia vega, abc news, los angeles. >> our thanks to cecilia tonight. >>> we turn now to made in america tonight and to a hopeful headline from ford tonight. in fact, the automaker announc
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
? >> mostly weather in the northeast. super storm sandy knocked as much as 1.4% of northeast sales, 3.9 on the mid-atlantic but the fiscal cliff, consumers are taking note and this is the season for retailers. as much as 40 to 50% of sales occur in november and december. some dis counting 75% pre-christmas. >> so bad news for retailers but the weak sales could be good for consumers. >> i have been reading up on this. everybody and their mother, wal-mart, target, best buy, toys "r" us are putting on major discounts. they're better than usual. it's some kind of discounting, as much as 15% of holiday sales come in the next week. >> wow. what about online sales? it sound like they're up. >> christmas day alone online sales up 22.4%, 8% up season to season. more and more people shop on line abuse of the convenience, the ability to comparison shop. it's easier. if you don't think it's going to be up next year, i don't think what you're thinking because it grows and grows. >> and grows and grows. gerri willis, good to see you. >> thank you. >>> a live look now at the snow falling in clevelan
that storm. we also told you about federal aid for sandy victims filled with unrelated money for cuba and alaska. now we're finding even more pork stuffed into that. we'll tell you about it [ woman ] ring. ring. progresso. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. i just got start and i'm like "hey, that first 20 came off, well it wasn't too hard at all." i love breads. you can still eat bread. i love my sweets. i can still have a cookie on weight watchers. i love the barcode scanner. occasion
, not just bagels is the name of it. completely wiped away by hurricane sandy. listen to this, we just got word she is reopening her store tomorrow. important news there. in related news, congress still fighting over the supplemental bill. the latest guidance and not vote expected in the senate tomorrow night. we will cover that story as well and we will be right back with my two cents more at the answer to the question of the day. do you feel the housing market in your area is recovering? [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. ♪ gerri: an update to of breaking news story we told you about a little earlier in the show. tomorrow we said there would be a congression
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of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issu
sales to grow 3% to 4%. among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loa
prices sky high. who could forget superstorm sandy. neighborhoods swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing, or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china getting more than a few mentions during the presidential campaign probably because it's pretty clear that china is both a competitor and a partner. >> number four, europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over.er t market. low price bottomed out set off a building and buying spree. they ended up buying entire neighborhoods but first-time buyers were able to get a home for the first time in years as long as they had a hefty down payment. >> number two. >> cnn predicts president obama will be elected president of the united states sniet was more about socialism and
billion season. the problem is spending polls track might be off. superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
and this thing will start to pick up speed. fed policy is good. we've got a bump from sandy. so if we could just fix that up, i think we'll be okay. >> what do you think is the market reaction if we come, you know, in on monday, and there's some sort of a mini deal? what does that do to us? >> listen, i think we'll be okay here. the first and second quarter of next year are going to be okay, cliff or not. they're going to get something together. it may be sort of a sloppy deal, just, you know, a small deal, that lead us into more negotiations -- >> but is the event a mini deal or is the mini deal a grand bargain? >> they'll come up with a mini deal. it's taken them this long to get here. how can we anticipate they'll get significant done. they'll get some sort of stopgap measure done and we'll see a little bit of stability. stop seeing all the negativity that's surrounding us. we're dead red here. >> gordon, if you recall that 2008 period, the market was going 400, 500, 600, a 60-point drop in the heat of the crisis. why is the equity market being relatively stable to that comparison? it seems t
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